New Delhi, July 2: Tata Steel is gearing up to initiate the next phase of expansion aimed at achieving a long-term production capacity of 40 million tons per annum (MTPA). This announcement was made by the company’s chairman, N. Chandrasekaran, during the 119th Annual General Meeting (AGM) held on Thursday.
Chandrasekaran noted that with the commissioning of the second phase of the Kalinganagar plant, Tata Steel’s total steel production capacity has now increased to 26.1 MTPA.
He emphasized that this expansion is a significant step towards the company’s goal of reaching 40 MTPA. Furthermore, he revealed that the company has begun evaluating potential sites and land acquisition options for future growth in line with this target.
Regarding the company’s operations in Europe, Chandrasekaran stated that the restructuring process is yielding positive results. However, he acknowledged that the operational environment in the Netherlands has become more challenging compared to previous years, as environmental regulations have tightened beyond European Union (EU) standards.
He mentioned, “The company is in continuous discussions with the Dutch government and other stakeholders to find a long-term solution that is both environmentally compliant and economically viable.”
Chandrasekaran also highlighted that Tata Steel has implemented over 860 artificial intelligence (AI)-based models across its various operations as part of its digital transformation program. These initiatives aim to enhance production capacity, improve operational efficiency, and reduce costs.
He reported that the company’s digital platforms, Ashiyana and Digicea, recorded a gross merchandise value (GMV) of ₹9,360 crores during the fiscal year 2025-26, marking a 161% increase compared to the previous year.
Looking ahead, Chandrasekaran stated that Tata Steel aims not only to increase production capacity but also to establish itself as a larger, greener, smarter, and more resilient company through technology, operational excellence, and sustainable investments.
Meanwhile, around 2:15 PM on Thursday, Tata Steel shares were trading at approximately ₹186.49 on the NSE, reflecting a 0.71% increase. The stock has dropped over 11% in the past month, yet it has risen by 2% over the last six months and more than 12% in the past year.
The shares have a 52-week high of ₹224.40 and a low of ₹152.51.
Leave a Comment